Economic Growth in the US in the Third Quarter of the Year Increased by 5.2%

29 November 2023

Real gross domestic product (GDP) increased at an annual rate of 5.2 percent in the third quarter of 2023, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.1 percent.

The increase in real GDP reflected increases in consumer spending, private inventory investment, exports, state and local government spending, federal government spending, residential fixed investment, and nonresidential fixed investment.Imports increased.

Source: U.S. Department of Commerce
Post by: Republic of Türkiye Ministry of Trade